Payroll Finance

Payroll Finance for Recruiters

Payroll finance solutions are specifically designed to help recruitment companies focus on growth by providing vital back office and administrative support across the business, in addition to the funding that’s required to pay temporary workers’ wages.

From calculating complicated tax deductions such as monthly wage payments and supplying dedicated HR support to managing your credit control function and providing bad debt protection, payroll finance companies bring extensive expertise to your critical processes to leave you the time and resource to find new clients.

Also known as recruitment finance, the payroll finance provider additionally pays temporary workers’ wages on time and raises invoices to your clients, removing the burden entirely from your business.

Read how payroll finance helped our client to expand

How does payroll finance work?

Whilst providing the back office support elements listed above, the payroll finance company also releases the funding to pay temporary workers’ wages on time. Here’s how that part of the facility works:

  1. Your business forwards timesheets to the payroll finance provider
  2. They will then raise an invoice and send it to your client, based on the timesheets supplied
  3. The funder pays the temporary workers’ wages, calculating tax deductions and other elements such as student loan repayments, pensions and maternity pay
  4. Any surpluses are made available to your business
  5. The funder then collects payment from your client

 

Request a call back

Is payroll finance right for my business?

If your business is active in the temporary recruitment arena, payroll finance could be a fantastic, all-encompassing solution to help boost cash flow and remove some of the associated back office headaches.

As a commercial finance broker, we can introduce your business to the most suitable finance companies on the market to ensure you’re benefiting from the right facility.

Call our team on 0800 9774833 or email info@hiltonbaird.co.uk to discuss your requirements in more detail and discover how we can assist.

Hilton-Baird were friendly, prompt, understanding and very helpful. Everything you could want from a commercial finance broker.

Scott Griffiths, Owner, Secure Education Recruitment

Funders we work with

  • Aldermore Invoice Finance
  • First Capital Factors
  • Close Brothers Invoice Finance
  • PNC Business Credit
  • Royal Bank of Scotland
  • Everline
  • Shawbrook Business Credit
  • Ashley Commercial Finance
  • ABN AMRO Commercial Finance
  • Davenham Trade Finance
  • 1pm
  • Working Capital Partners
  • Pulse Cashflow Finance
  • Roma Finance
  • Regency Factors
  • Partnership Invoice Finance
  • GapCap Cashflow Finance
  • Davenham Asset Finance
  • Lloyds Bank Commercial Finance
  • Secure Trust Bank
  • iwoca
  • Woodsford Tradebridge
  • Leumi ABL
  • Outsauce
  • Catalyst Finance
  • Metro Bank SME Finance
  • Ultimate Finance Group
  • Barclays
  • Team Factors
  • Asset Advantage
  • Creative Capital
  • Innovation Finance
  • Santander Corporate & Commercial
  • Trade Finance Partners
  • Nucleus Commercial Finance
  • Platform Black
  • Market Invoice
  • IGF Invoice Finance
  • Bibby Financial Services
  • GE Capital
  • Assetz Capital
  • Factor 21
  • Skipton Business Finance
  • Positive Cashflow Finance
  • Hitachi Capital Invoice Finance
  • Calverton Finance

Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders

Our website uses cookies. For more information about managing cookies, visit our Privacy and Cookie Policy. Continue